Trupanion (NASDAQ: TRUP) reported Q1 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $111.3 million versus the consensus estimate of $110.11 million.First Quarter 2020 Financial and Business Highlights

• Total revenue was $111.3 million, an increase of 28% compared to the first quarter of 2019.
• Total enrolled pets (including pets from our other business segment) was 687,435 at March 31, 2020, an increase of 25% over the first quarter of 2019.
• Subscription business revenue was $89.5 million, an increase of 21% compared to the first quarter of 2019.
• Subscription enrolled pets was 508,480 at March 31, 2020, an increase of 14% over the first quarter of 2019.
• Net loss was $(1.1) million, or $(0.03) per basic and diluted share, compared to a net loss of $(1.3) million, or $(0.04) per basic and diluted share, in the first quarter of 2019.
• Adjusted EBITDA was $2.0 million, compared to adjusted EBITDA of $1.7 million in the first quarter of 2019.
• Operating cash flow was $2.9 million and free cash flow was $1.4 million in the first quarter of 2020. This compared to operating cash flow of $4.0 million and free cash flow of $3.1 million in the first quarter of 2019.

“At Trupanion, we understand the power of the pet,” said Darryl Rawlings, Founder and CEO of Trupanion. “In times of uncertainty, heightened anxiety and isolation, our four legged family members become even more important. Trupanion helps pet owners budget for if and when their pet becomes sick or injured. In the coming weeks and months, we expect the need for our product among pet owners to grow, the messaging at the veterinarian level to strengthen, and the value of our patented software to be even greater.”

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